The performance of Binance in 2024 highlights significant growth in user engagement and trust, evidenced by a massive deposit of $21.6 billion. Here is a deeper look at the key points:

Bitcoin (BTC) Deposits:

Average deposits have significantly increased from 0.36 BTC to 1.65 BTC per user. This not only reflects a growing confidence in Bitcoin but also indicates a trend of large-scale investors participating in this platform.

Tether (USDT) Deposits:

Deposits have skyrocketed from $19,600 to $230,000, emphasizing the increasing adoption among professional investors and businesses, who seem to be leveraging stablecoins for liquidity, trading, and cross-border transactions.

This growth demonstrates Binance's position as a leading platform in the cryptocurrency space, attracting both retail and institutional players. It also signals a maturing market where stablecoins and major cryptocurrencies like Bitcoin play a crucial role in investment strategies.